Bitcoin has just concluded a week marked by ETF transactions that were negative. During most of last week's trading days, related funds continued to experience significant withdrawals from investors.

Therefore, Bitcoin ETF has recorded a significant net outflow in the past week, breaking the previous trend of net capital inflows that lasted for three consecutive weeks.

Bitcoin ETF recorded a net outflow of $681.1 million

As of October 9th, which was the end of the previous ETF trading week, the broader Bitcoin ETF market recorded a net outflow of approximately $681.1 million.

This outflow of funds occurred a week after the slowdown in institutional demand, and it also marked the end of three consecutive weeks of weekly net inflows.

The negative performance this week indicates that, following the recent market correction, investors have become more cautious about their exposure to Bitcoin.

Despite these funds attracting a total of nearly $2.4 billion in inflows over the previous two weeks, the sudden outflows this week indicate a shift in sentiment among institutional investors, especially after Bitcoin has experienced such a clear downward trend.

Fidelity recorded the largest outflow of the week

Despite the fact that BlackRock usually attracts attention for its dominant position in the Bitcoin ETF market, regardless of its performance, this time it is Fidelity that has received the most attention, as it has recorded the largest outflow of funds among all existing Bitcoin funds.

Last week, the total outflow from that fund reached $380.36 million; ARK 21Shares Bitcoin ETF ( ARKB ) followed closely behind, with an outflow of $207.21 million.

On the other hand, BlackRock showed a trend change, with a small net inflow of $1.02 million during this period.